In more trouble for former Finance Minister and senior Congress leader P Chidambaram and his son Karti Chidambaram, who is a Lok Sabha member, the Enforcement Directorate (ED) on Tuesday (2 June) said that it has filed a charge sheet against them in its probe into INX media money laundering case.
The probe agency filed an e-charge sheet against Chidambaram, his son, and others before Special Judge Ajay Kumar Kuhar on Monday (1 June). Besides the father-son duo, the charge sheet names Karti Chidambaram's chartered accountant S S Bhaskararaman and others.
The judge has directed the ED to file a hard copy once the courts start functioning normally.
Chidambaram was first arrested by the Central Bureau of Investigation (CBI) on 21 August in the INX Media case and was granted bail by the Supreme Court on 22 October.
He was arrested by the ED in the money laundering case on 16 October and was in judicial custody till 27 November under the order of a trial court.
The ED and the CBI are probing how Karti Chidambaram managed clearance for INX Media from the Foreign Investment Promotion Board (FIPB) in 2007 when his father was a minister.
According to the probe, INX Media directors Peter and Indrani Mukerjea had met Chidambaram to prevent any hold-up or delay in the FIPB approval.
Karti Chidambaram was arrested on 28 February 2018, by the CBI for allegedly accepting money to facilitate the FIPB clearance. He was later granted bail.
The ED registered a PMLA case based on a CBI FIR and alleged irregularities in the FIPB clearance to INX Media for receiving Rs 305 crore overseas funds in 2007. The agency has said the money received by associated entities was channelled back into the Advantage Strategic Consultancy Private Ltd (ASCPL).
The ED has attached Rs 54 crore properties of Karti Chidambaram and a firm in the case. It has also attached Mukerjeas'' properties in the case.
Earlier, the agency had filed a charge sheet against him in the Aircel-Maxis deal case.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.